Thanks to the generous support of Stanley and Karen Pigman and Kentucky’s Research Challenge Trust Fund (RCTF), engineering researchers are receiving additional annual funding to enhance the research priorities and programs of the Pigman College of Engineering.
Established in 2024, the Lighthouse Beacon Foundation Endowment supports faculty, research, graduate students, facilities and research infrastructure in the Pigman College of Engineering. This year, the endowment made $235,000 in funds available for distribution.
The Lighthouse Beacon Foundation Endowment creates three areas of opportunity for faculty and post-doctoral scholars. Lighthouse Beacon Foundation Eminent Scholars, senior faculty researchers who are selected based upon sustained superior performance, can receive five-year term-limited funding of up to $50,000. Lighthouse Beacon Foundation Scholars, promising junior faculty, can receive five-year term-limited funding of up to $25,000. For post-doctoral scholars, to be known as Lighthouse Beacon Foundation Post-Doctoral Fellows, up to $20,000 of annual funding is available for stipend enhancement or other research-enabling endeavors.
The endowment also provides up to $10,000 per year in stipend enhancement or other research-enabling endeavors for talented graduate students, known as Lighthouse Beacon Foundation Graduate Fellows. This year, eight graduate students were selected to receive this supplementary support.
In addition, the Lighthouse Beacon Foundation Endowment provides support for RCTF-compliant cost-sharing for externally funded programs targeted at high-consequence, high-impact research that has a potential to stimulate socioeconomic benefits including job creation, higher standards of living and expansion of the knowledge-based economy. The endowment also allows for research infrastructure support, like equipment, materials and supplies and other University-permittable research related expenses.
The endowment will grow over the coming years, with annual allocations growing to over $550,000 per year.
The Lighthouse Beacon Foundation Endowment is a part of the RCTF’s Endowment Match Program, which creates research support and opportunities at Kentucky universities. The RCTF is administered by the Council on Postsecondary Education and is designed to advance the economic success of Kentucky and its citizens through education and research. To qualify for the program, an endowment must support initiatives in STEM and health sciences and relate to one of UK’s eight Research Priority Areas.